Skip to main content

Market Overview

Enbridge Energy Management, L.L.C. Confirms Amount of Share Distribution for Third Quarter 2018

Share:

HOUSTON, Nov. 6, 2018 /PRNewswire/ - Enbridge Energy Management, L.L.C. (NYSE:EEQ) ("Enbridge Management") today confirmed that its previously declared share distribution, to be paid on November 14, 2018, will consist of 3.2935 additional shares for each 100 shares of record on November 7, 2018.

The distribution of additional Enbridge Management shares is based on the notional cash value of the declared distribution of $0.35 per share and the average closing price of Enbridge Management shares for the ten consecutive trading days prior to the ex-dividend date.

About Enbridge Energy Management, L.L.C.
Enbridge Energy Management, L.L.C. manages the business and affairs of the Partnership, and its sole asset is an approximate 21 percent limited partner interest in the Partnership. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, Canada (NYSE:ENB) (TSX:ENB) is the general partner of the Partnership and holds an approximate 35 percent interest in the Partnership. Enbridge Management is the delegate of the general partner of the Partnership.

About Enbridge Energy Partners, L.P.
Enbridge Energy Partners, L.P. owns and operates a diversified portfolio of crude oil transportation systems in the United States. Its principal crude oil system is the largest pipeline transporter of growing oil production from western Canada and the North Dakota Bakken formation. The system's deliveries to refining centers and connected carriers in the United States account for approximately 25 percent of total U.S. oil imports. Enbridge Energy Partners, L.P. is traded on the New York Stock Exchange under the symbol EEP; information about the partnership is available on its website at www.enbridgepartners.com.

Media
Michael Barnes
Toll Free: (888) 992-0997
Email: michael.barnes@enbridge.com

Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com

Cision View original content:http://www.prnewswire.com/news-releases/enbridge-energy-management-llc-confirms-amount-of-share-distribution-for-third-quarter-2018-300745031.html

SOURCE Enbridge Energy Partners, L.P.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com